Which One of the Following Would Most Likely Increase the Demand

question 68

Multiple Choice

Which one of the following would most likely increase the demand for wheat?

• A) an increase in the price of soybeans, a substitute product
• B) a decrease in the price of corn, a substitute product
• C) the development of a hybrid seed that doubles wheat yields per acre
• D) a decrease in the price of wheat

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Definitions:

Start-Up Process

The series of steps involved in founding and establishing a new business or company.

Innovative Idea

A novel or original concept that can lead to significant improvements in products, processes, or services.

Entrepreneurial Process

The series of steps and development stages that entrepreneurs follow to conceive, launch, and grow a new business.

Start-Up Process

The sequence of steps that an entrepreneur takes to establish a new business, including idea generation, market research, business model development, and securing funding.